Since the Talk Club does seem overloaded with political threads as of late I’ll follow Brenda’s theme and start a thread about something else.
What’s everyone else’s policy for lending money to friends?
Reason I ask is I recently had a close friend of mine ask me if he could borrow and pretty substantial sum of money. This really put me in a difficult position because I have a hard time saying no to people that I really like but this was quite a large sum of money for me to lending out. It was what he was going to do with the money that influenced my decision the most.
He needed a new vehicle and went to by himself one and once there his wife decided that she also wanted a vehicle, which is where I came in, and he wanted me to pay the down payment on his wife’s car. I thought this it was absolutely ridiculous for someone who could barely afford one vehicle to buy two at the same time and had to tell him no. It was very hard for me to tell him no because we are such close friends but I thought that it was the right decision.
What say you?
Bookmarks